Thrivent Financial for Lutherans Sells 101,358 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Thrivent Financial for Lutherans trimmed its position in Central Pacific Financial Corp. (NYSE:CPF) by 61.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,959 shares of the financial services provider’s stock after selling 101,358 shares during the period. Thrivent Financial for Lutherans owned 0.23% of Central Pacific Financial worth $1,858,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners purchased a new stake in shares of Central Pacific Financial during the first quarter valued at approximately $740,000. Assenagon Asset Management S.A. raised its stake in Central Pacific Financial by 143.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider’s stock worth $13,460,000 after acquiring an additional 268,719 shares during the period. Acadian Asset Management LLC increased its stake in shares of Central Pacific Financial by 16.6% in the second quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock worth $11,442,000 after purchasing an additional 76,957 shares in the last quarter. nVerses Capital LLC bought a new stake in Central Pacific Financial during the 3rd quarter valued at approximately $50,000. Finally, LSV Asset Management grew its holdings in Central Pacific Financial by 10.7% during the 2nd quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock valued at $14,060,000 after buying an additional 63,862 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Central Pacific Financial Trading Up 0.5 %

Shares of CPF stock opened at $32.39 on Friday. The company has a market cap of $876.80 million, a PE ratio of 15.42 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The stock’s 50 day simple moving average is $29.36 and its two-hundred day simple moving average is $25.54. Central Pacific Financial Corp. has a 1 year low of $16.95 and a 1 year high of $33.25.

Central Pacific Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, November 29th. Central Pacific Financial’s dividend payout ratio (DPR) is 49.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

About Central Pacific Financial

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.